$68 Million Allocated To New Yorkers For Housing Assistance
A massive allocation of funds will assist nearly 1,300 households across New York State according to a recent announcement from Governor Hochul's Office. The grant funding, totaling $68 million, will be provided to local governments and non-profit agencies that assist homeowners, seniors, and veterans across the state.
HCR Funding Across New York State
More than $68 million is being invested into more than 1,000 low-to-moderate income households across the state, this news coming from the Governor's office on Friday, January 9th. The money isn't specifically for creating new housing facilities, but to provide assistance for repairs and/or upgrades.
Addressing the housing crisis is about more than creating new places for people to live. With this more than $68 million investment, we can help nearly 1,300 individuals and families make the repairs and upgrades that are necessary for them to remain safely and securely housed today and into the future.
The grant money itself through new York State Homes and Community Renewal, aka HCR, 'provide individuals and families, including older adults and veterans, financial support to make accessibility upgrades, complete emergency repairs, replace manufactured homes, and receive rental assistance, as well as down payment assistance when purchasing a first home.'
The announcement about the HCR funding is part of the Governor's previously announced Housing Plan that totals more than $25 billion in assistance.
SEE ALSO: New York Ranks 2nd For College Students
Hudson Valley Households To Benefit From Grant Funding
The official press release details a breakdown of the funds across the New York State regions, indicating that the Mid-Hudson area will receive a total of $5,874,135 for 85 homes. North of us, the Capital Region will receive $12,710,000 for 201 homes.
The state and federal programs that allocate the funds are NYS HOME; NYS Community Development Block Grant; Access to Home; Access to Home for Heroes; Access to Home for Medicaid; Mobile and Manufactured Home Replacement; and RESTORE.
Once awarded, the funding goes straight to municipalities and local non-profit organizations, and from there, eligible households are able to apply for assistance. More information is available here about where the funds are allocated.
